MM 3/2 SFR sub 300k

[an]

I know you can’t get that kind of loan on a rental, but I’m just using it as a rent vs buy argument. As a rental, you probably have to put down at least 30% as well. I’m not saying $279k is the bottom. I’m just saying when you compare with rent, it’s cheaper than rent. So it’s no longer “expensive” to me. It could very well go to 225/sq-ft or even $200/sq-ft. But even at $279k, you’re already under “fundamental” when you compare it to rent. Everything below that is just gravy.

[DWCAP]

[quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads.

[DWCAP]

[quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads.

[DWCAP]

[quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads.

[DWCAP]

[quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads.

[DWCAP]

[quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads.

[peterb]

Give it a few more months and you’ll see what you’re looking for…
Prices are based on supply and demand. And demand is gonna start to trickle. But supply is going to rise…

[peterb]

Give it a few more months and you’ll see what you’re looking for…
Prices are based on supply and demand. And demand is gonna start to trickle. But supply is going to rise…

[peterb]

Give it a few more months and you’ll see what you’re looking for…
Prices are based on supply and demand. And demand is gonna start to trickle. But supply is going to rise…

[peterb]

Give it a few more months and you’ll see what you’re looking for…
Prices are based on supply and demand. And demand is gonna start to trickle. But supply is going to rise…

[peterb]

Give it a few more months and you’ll see what you’re looking for…
Prices are based on supply and demand. And demand is gonna start to trickle. But supply is going to rise…

[ibjames]

[quote=DWCAP][quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads. [/quote]

same here.. we should make a mira mesa dist. list!

[ibjames]

[quote=DWCAP][quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads. [/quote]

same here.. we should make a mira mesa dist. list!

[ibjames]

[quote=DWCAP][quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads. [/quote]

same here.. we should make a mira mesa dist. list!

[ibjames]

[quote=DWCAP][quote=fat_lazy_union_worker]I was thinking around 225ish/sqft. But that’s just me… Guess that isn’t gonna happen.

I don’t think you can find a 6% loan on a rental these days.[/quote]

I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads. [/quote]

same here.. we should make a mira mesa dist. list!

[Author]

Posts